Victoria moves to become first state to enshrine renewable energy targets in law

Government says law, which will include 40% renewables by 2025 and commitment to invest in new projects, will send a strong signal to investorsThe Victorian government has introduced legislation to enshrine its renewable energy targets in law and establish a reverse auction mechanism to build 650 megawatts worth of new projects.The premier, Daniel Andrews, announced the Victorian renewable energy targets (VRET) of 25% renewable energy by 2020 and 40% by 2025 in June 2016. Continue reading...